Property Details
Basic Information
- MLS Number: 5089701
- List Price: $3,129,900
- Lot Description: Level
- Date Listed: 05/19/2026
- Units: 19
- Description: An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at 489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $27,805, totaling a gross annual income of $333,660. Unit mix = (1) three-bedroom unit, eight (8) two-bedroom units, three (3) one-bedroom units, and seven (7) studio-style units. 489 Pine Street has 8 units, one (1) unit with 2 bedrooms & 1 bathroom, and seven (7) studio units with 1 bathroom each. Monthly gross returns total $10,765. 187 Merrimack St has six (6) units, two (2) - 1 bedroom and 1 bathroom units, and four (4) - 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9100. 355-357 Merrimack St has five (5) total units across two (2) buildings/structures on one parcel. 355 is a single-family home detached that offers 3 bedrooms, and 1 bath across 1220 Sq Ft. Monthly gross returns total $7905. 357 Merrimack St, is a four (4) unit structure that has three (3)- 2 bedroom, 1 bath units, and one (1)- one bedroom, one bathroom unit. Take advantage of this opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. This property must be sold as a 19-unit portfolio.
Building
- Acreage: 0.4
- Square Feet: 12,271
- Year Built: 1920
- Zoning: R3
- Roof: Asphalt Shingle
- Building Construction: Wood Frame, Vinyl Siding
- Foundation: Concrete, Poured Concrete
Location
- County: Hillsborough
- Town: Manchester
Finance
- Taxes: $29,754
Interior Features
Basement
- Basement: Assigned Storage, Basement Stairs, Bulkhead, Concrete, Concrete Floor, Dirt, Dirt Floor, Exterior Access, Exterior Stairs, Full, Insulated, Interior Access, Interior Stairs, Locked Storage, Other, Storage Space, Unfinished
Utilities and Appliances
Utilities and Appliances
- Utilities: Gas On-Site
Community
Amenities
- Other Amenities: Basement
Other Details
Water
- Water Access: No
- Water View: No
- Water: Public